Many factors contributed to Sri Lanka’s economic collapse in 2022. In 2016–2017, a drought ruined crops and weakened the farming industry. Politics also were a factor, with a sudden ...
He emphasized that this election is pivotal for Sri Lanka as it represents a turning point following the economic and political crises that led to the downfall of the previous government.
Having saddled the nation with a disastrous International Sovereign Bond (ISB) restructuring that ballooned debt repayments ...
led to Sri Lanka’s economic collapse. Eventually, the country’s government resorted to asking for emergency aid from the International Monetary Fund in September 2022. Many factors ...
"I will now deliver Sri Lanka a developed economy, developed social system and developed political system." But Wickremesinghe's tax hikes and other measures, imposed per the terms of a $2.9 ...
"I will now deliver Sri Lanka a developed economy, developed social system and developed political system." But Wickremesinghe's tax hikes and other measures, imposed under the terms of a $2.9 ...
Sri Lanka's kerosene use has rocketed 65 percent up to August 2024, official data showed, amid subsidized pricing that has ...
COLOMBO: Sri Lanka’s leftist President-elect on Sept ... Wickremesinghe – who took office at the peak of the 2022 economic collapse and imposed tough austerity policies per the terms of ...
Cash-strapped Sri Lanka's main Marxist politician took a comfortable lead Sunday in a keenly fought presidential election that has turned into a referendum on an unpopular IMF bailout. Early ...